Traders should be aware that on Wednesday March 31, 2010 there is a Grain Stocks Report and Prospective Planting Report that will be realsed at 7:30 am Central time.
Crude oil surges off strong economic news.
NEW YORK, March 29 (Reuters) – U.S. crude futures rose more than $2 on Monday, opening strongly in New York trading, as a weaker dollar and stronger equities markets bolstered by economic data helped lift crude oil futures. Stronger consumer sentiment in the euro zone and a forecast for strong growth in China [...]
Livestock News
LEAN HOGS – Up 2.000 cents to the 3.000-cent-per-lb limit. * Pre-market opening bids on Globex point to 3.000 cent limit gains in summer months. * Friday’s Hogs and Pigs report bullish as herd smaller than analysts anticipated. [ID:nN26215462] * USDA put March 1 U.S. hog herd at 63.988 million head, down 3 percent from [...]
Opening Grain Calls
Soybeans-Up 5 to 7 cents per bushel. Weak dollar, higher crude oil and concerns about ability of South America to ship soy due to spreading labor protests in Argentine ports lift soybeans. CORN – Up 1 to 2 cents per bushel. A weak dollar and firm crude oil lift corn futures but gains limited by [...]
Reversal dates for the week of March 29 – April 2
Monday – Soy meal, RBOB gas, Gold, Coffee Tuesday – Wheat, T-Notes, S&P, Dollar index Wednesday – Thursday – Hogs, Crude oil, Heating oil Friday – Corn, Cocoa
Heating oil confirms TR sell pattern with new time and price objectives. [chart]
May Heating oil tested the decending upper parallel line and the 20-day SMA early in the daily session. The resistance held and turned the market lower, where it traded below the prior day’s low, triggering the sell signal (posted in the latest issue of the Traders Market Views Swing Trade Report) and confirming the majar [...]
Cattle calls
KANSAS CITY (Dow Jones)–Cattle market analysts Friday morning were taking on a slightly more bearish tone about cash cattle markets next week and beyond.
Opening grain calls
CST *DJ CBOT Early Call: Corn, Wheat Up 1-2c, Soybeans Up 3-5c
GDP (4thQuarter 2009) – March 26, 2010
NEW YORK, March 26 (Reuters) – The U.S. economy grew at a slightly less brisk pace than previously estimated in the fourth quarter, while corporate profits slowed sharply from the previous quarter, government data showed on Friday. KEY POINTS: * Gross domestic product expanded at a 5.6 percent annual rate, the Commerce Department said in [...]
Is Silver poised for another fall? [chart]
Silver has completed a 5-wave continution pattern that may mark the center of the longer-term downward cycle. The market is currently forming a bearish TR swing pattern and has retested the downward sloping parallel line as well as the 20- day SMA. A confirmation of the pattern will trigger the next downward slide to the [...]